New orders for US manufactured durable goods excluding defense fell 1.9 percent from a month earlier in February 2019, after a downwardly revised 0.4 percent growth in January and missing market expectations of a 0.1 percent gain. It is the largest decrease since January 2018. Durable Goods Orders Ex Defense in the United States averaged 0.32 percent from 1992 until 2019, reaching an all time high of 26 percent in July of 2014 and a record low of -19.70 percent in August of 2014.
Durable Goods Orders Ex Defense in the United States is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Durable Goods Orders Ex Defense in the United States to stand at 0.10 in 12 months time. In the long-term, the United States Durable Goods Orders Ex Defense is projected to trend around 0.50 percent in 2020, according to our econometric models.